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Release notes

1041 Fiduciary 24-5.2F

tip
  • Get the latest on open issues by reviewing Alerts and notices.
  • Find the availability of the state releases in the Home screen, in Forms Availability.
  • New York
    : There is an informational diagnostic to alert preparers to a possible rollover issue with prior year estimates paid in the current year. Verify that the amount rolled over from prior year estimates paid in the current year doesn’t include a 2022 overpayment from the 2023 return. Use this query for 2023 1041 to identify potentially affected returns.
    For the 2024 return, go to Organizer, select
    States
    New York Payments
    . In the Estimated Tax section, enter the correct amount for the
    Prior Year Estimates Paid
     in the current year.

Pending releases

Release date: 06/06/2025
Form 8865
, Return of U.S. Persons With Respect to Certain Foreign Partnerships and all Schedules and Forms included under the 8865, is available with the following limitations:
  • Form 8865, all schedules and forms included under the 8865 aren't available for e-file for this release.
  • The following forms under the 8865 are not available within the tax application yet:
    • Form 3468, Part V: Only applicable to returns ending in 2025
    • Schedule K/K-1 Line 15 Codes S, W, and X and Line 20 Code AV (applicable to tax years ending in 2025)
Federal forms not available on this release:
  • Form 7211, Clean Electricity Production Credit
  • Form 7218, Clean Fuel Production Credi
  • Form 8933, Carbon Oxide Sequestration Credit

Federal

We updated or corrected the following:
  • Corrected the calculation of the
    total NOL amounts
     for prior 2018 and after 2017.
  • Corrected the print condition to print the
    Form 8995A
     when there is an amount.
  • Updated the logic for Additional Contributions Workpaper under Part VI, 4b on
    1041 Form 5227
     to include check box for suppress printing additional contributions.

State

We updated or corrected the following:
California
: Updated CA FTB 3539 Tax Paid to calculate only when the extension isn't suppressed.
Georgia
: Updated Georgia Form 501X- Page 2 line 17 to print amount entered in Organizer.
Maryland
: Updated 990 3800 e-file to remove some erroneous schema validation errors.

This article applies to:

  • PRODUCT: ONESOURCE Income Tax Express RS
  • Return type: 1040 Individual

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